Medical and Recreational Cannabis Company
Kaya Holdings, Inc. (OTCQB:KAYS)
2017 10-K Reports Steady
Revenues, Enhanced
Access to Institutional Financing, Increased
Assets, Multiple OLCC Licenses, the
Pending Grand Opening of
our Largest Kaya
Shack Marijuana Superstore and Kaya Home Delivery
Service
Ft
Lauderdale, FL -- April 18, 2018 -- InvestorsHub NewsWire
-- Kaya
Holdings, Inc. (OTCQB:KAYS),
announced that it has disclosed fiscal year 2017 results of operations by filing its
Annual Report on Form 10-K for the year ended December 31,
2017 with the
SEC.
KAYS
2017 10-K Highlights includes the report of the following
items:
Dollars, Sense and Room
to Grow. Revenues held steady at just under
$1million as we
worked through the intricacies of Marijuana Licensing under the
umbrella of a public company, while total assets better than
doubled on a
year-over-year
basis increasing from approximately $700K to just under
$1.5 million. The increase in assets is a
result of an
expanded institutional financing (a total of $3.15mm in 2017, $450K to
date in 2018 and an additional commitment of $5.55 million to
follow) over the next few years afforded us the ability to properly build out two
additional Kaya Shack Marijuana Superstores and
acquire a
26 acre
plot of
land to begin to develop our footprint
for Kaya Farms
and build on our brand.
OLCC Licensing
& Launch of
New Kaya Shack Retail
Marijuana Stores. During 2017, KAYS opened its third retail outlet
(our second Kaya Shack Marijuana
Superstore) in
North Salem and readied our fourth
retail outlet (our
third Kaya Shack Marijuana
Superstore, the
largest yet at just under 3100 square feet) for our pending Grand Opening Celebration
to feature a total
of 4 retail marijuana stores, each operating with OLCC Recreational, Medical and Delivery
Licenses.
12-Month Growth Plan and Development of
the Kaya Holdings Family of
Brands. The Company expects to continue its growth
with the grand opening celebration and proper marketing plan
to launch the
Kaya Shack chain of Marijuana
Superstores. Also,
the Company will soon launch home delivery service of signature products
with our fleet of distinctly
wrapped Kaya
Cars, as well as complete the licensing of Kaya Farms
and launch a to-be-announced edible brand.
"We see
a clear path to growth and profitability and have been endeavoring
to implement our business plan in a cautious manner, remaining
compliant and assessing risks," stated KAYS' CEO Craig Frank.
"While we would
have liked to have seen greater growth, we realize that the
temporary restrictions on our Portland store at the start of the
year and the
navigation of the OLCC Licensing process required us to
make an investment of time and money for the future.
We believe as we gain
greater control over costs, increase our offering, introduce in-store
innovations, expand services, demonstrate our community commitment,
and engage in creative marketing we shall see only the beginnings
of the potential of Kaya Holdings".
A copy
of the Company's Annual Report on Form 10-K for the year ended
December 31, 2017,
complete with pictures, store information and product testing as
filed with the SEC, is available online at www.sec.gov.
Register
for updates on our Grand Opening Launch of the four Kaya
Shack Stores
and Kaya Car Home
Delivery Service as well as the pending zoning
announcement for the 101K Square foot, 26 Acre Kaya Farms Medical and Recreational
Marijuana Grow and Manufacturing Complex.
About Kaya Holdings, Inc.
(www.kayaholdings.com)
KAYS
(OTCQB:KAYS),
through subsidiaries, produces, distributes or sells legal premium
medical and recreational cannabis products, including flower,
concentrates and oils, and cannabis-infused
foods.
In 2014,
KAYS, became the first publicly traded company to own and operate a
Medical Marijuana Dispensary. KAYS presently has four Kaya Shack OLCC licensed
retail marijuana stores to service the legal medical
and recreational marijuana market in Oregon. (www.kayashack.com) Additionally, KAYS recently
acquired a 26 acre parcel which it has targeted for development of
the Kaya Farms Medical and Recreational Marijuana Grow and
Manufacturing Complex.
IMPORTANT DISCLOSURE: KAYS is
planning execution of its stated business objectives in accordance
with current understanding of State and Local Laws and Federal
Enforcement Policies and Priorities as it relates to Marijuana (as
outlined in the Justice Department's US Attorney General Jeff
Sessions Memo dated January 4, 2018, and subsequent commentary from
US Attorney for the District of Oregon Billy Williams), and plan to
proceed cautiously with respect to legal and compliance issues.
Potential investors and shareholders are cautioned that KAYS and
MJAI will obtain advice of counsel prior to actualizing any portion
of their business plan (including but not limited to license
applications for the cultivation, distribution or sale of marijuana
products, engaging in said activities or acquiring existing
Cannabis production/sales operations). Advice of counsel with
regard to specific activities of KAYS and MJAI, Federal, State or
Local legal action or changes in Federal Government Policy and/or
State and Local Laws may adversely affect business operations and
shareholder value.
Forward Looking
Statements
This press release includes
statements that may constitute "forward-looking" statements,
usually containing the words "believe," "estimate," "project,"
"expect" or similar expressions. These statements are made pursuant
to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors that would cause or contribute to such differences include,
but are not limited to, acceptance of the Company's current and
future products and services in the marketplace, the ability of the
Company to develop effective new products and receive regulatory
approvals of such products, competitive factors, dependence upon
third-party vendors, and other risks detailed in the Company's
periodic report filings with the Securities and Exchange
Commission. By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release.
For more
information contact Investor Relations:
561-210-7664